Jump to content
House Price Crash Forum

Search the Community

Showing results for tags 'and its not good news'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • House Prices
    • House prices and the economy
    • Regional House Prices
    • All about renting
    • Anecdotals
    • All about self-build
    • All about buying, selling and mortgages
    • The classics
    • Market psychology
    • Economics
    • House Price Crash photo gallery
  • Current Affairs
    • Current affairs
    • Politics
    • Living overseas
  • Investment
    • Cash ISA's and Savings Accounts
    • Investment in general
    • Financial markets
    • Overseas property investment
    • Gold and other precious metals
  • About housepricecrash.co.uk
    • housepricecrash.co.uk in the media
    • About housepricecrash.co.uk
    • Ideas and Suggestions for Admin
    • Wiki Discussions/Ideas
  • Trolls
    • Troll sub-forum
  • Off Topic
    • The off-topic forum

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


AIM


MSN


Website URL


ICQ


Yahoo


Jabber


Skype


Location


About Me

Found 1 result

  1. "Bank of England chief economist Andy Haldane warns over 'nasty' inflation that could send debt costs spiralling out of control The Bank of England must have a 'laser focus' on inflation to stop Britain's debt costs spiralling out of control, its chief economist has said. Andy Haldane has said that the vast amounts of Government spending and quantitative easing in the economy have made the Bank 'super-vigilant' about a possible rise in inflation. ### TCON, Vigilant on house prices = Let them go up....Super Vigilant on inflation = Let it go up and up and up. The 53-year-old said: 'The last thing the world needs right now is a nasty inflation surprise.' Bank of England chief economist Andy Haldane said the amounts of Government spending and quantitative easing has made the Bank 'super vigilant' about a possible rise in inflation Britain is now extremely vulnerable to a rise in inflation as national debt rises over 100 per cent of GDP to its highest level since the early 1960s. If the Bank increases interest rates to keep inflation down the cost of servicing that debt will rocket, threatening the UK's recovery. Haldane said the Bank would be prepared to allow inflation to overshoot its 2 per cent target temporarily,especially if it was as a result of temporary effects such as changes to VAT, oil prices or the exchange rate. #### TCON: Yeah, temporary imflation, permanent price rises. VAT to rise ? £ to collapse ? These people are out of control; He said: 'We'd be super vigilant, with so much monetary stimulus and fiscal stimulus having been put in the system, that this doesn't show up in any more medium-term measures. 'What can even appear to be a temporary effect, if it affects expectations it could easily get locked in. 'We're not there at the moment, but it's definitely a risk we need to take care of.' The economist, who recently predicted that consumers would splurge £100billion of pandemic savings and boost the recovery, said he was confident about the economy in the second half of 2021 thanks to coronavirus vaccines. Consumers have been happy to switch their spending from holidays, commuting and eating out to sofas, DIY kit and online streaming subscriptions. An explosion of spending could push prices up, forcing central bankers to react fast. The base rate has been at record lows ever since the financial crisis, hitting savers, but providing a boon to those with mortgages and debt. Haldane added: 'If this year has taught us anything, it's that we need to be super-sensitive and super-responsive to the data. ### TCON...Unless it's the good temporary kind of inflation https://www.thisismoney.co.uk/money/markets/article-9083509/Bank-England-chief-economist-Andy-Haldane-warns-inflation.html? " So there you have it folks. Inflation to be let rip, IRs will be keep at 0, and they will ignore it until it's too late just because they know it'll collapse their unearned untaxed wealth. Ed Balls and Broon should be jailed for the handing these unelected ****s power.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.